Question
The term double taxation refers to which of the following? Question 30 options: Corporations must pay income taxes on their net income,
The term "double taxation" refers to which of the following?\ \ \ Question 30 options:\ \ Corporations must pay income taxes on their net income, and their stockholders must pay income taxes on the dividends they receive from the corporation.\ \ \ In a partnership, both partners are required to claim their share of net income on their tax returns.\ \ \ A sole proprietorship must pay income taxes on its net income and the owner is also required to pay income taxes on withdrawals.\ \ \ A sole proprietorship must pay income taxes to both the state government and the federal government.
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